Fight of the Century? Well, that was Joe Frazier against Muhammad Ali, New York 1971, right? Wrong! For an economist, the Fight of the Century refers to the intellectual debate between the illustrious economists John Maynard Keynes (1883-1946) and Friedrich August Hayek (1899-1992). A battle at least as hot as the boxing fight, if not even much hotter!
What was this all about? And does it have to do anything with Georgia? It does…
A LACK OF DEMAND…
What are the causes of recessions and unemployment? Keynes had a very clear idea about this. During a slump...
Recent Comments
Leqso, you may enjoy reading some of the 20th century Marxists, e.g. Rosa Luxembourg, whose analysis of capitalism going global (a... Read More
Saturday, 01 February 2014 10:10 AM
LSE is now offering an interdisciplinary MA in economics and philosophy http://www.lse.ac.uk/philosophy/degrees/mscep.aspx?revolut... Read More
Saturday, 01 February 2014 10:10 AM
Leqso, you say that capital outflows are not the reason for the lari depreciation. Did the imports increase also when measured in ... Read More
Monday, 03 February 2014 9:09 AM